Pursuant to section 65ZD(3) of the Public Finance Act 1989, the Minister of Finance makes the following statement:
"On 24 August 2011, the Deputy Secretary, Financial Operations and Head of NZDMO acting for and
on behalf of the Honourable Bill English, Minister
of Finance on behalf of the Crown, provided a
New Zealand Export Credit Office Supplier Credit Guarantee to Sanford Limited to support the export
of fish and shellfish to an off-shore buyer. The
New Zealand Export Credit Office maximum guarantee liability is USD 8,400,000. A premium, commensurate with the risk, was paid for this Guarantee."
Dated at Wellington this 6th day of September 2011.
PHILIP COMBES, Deputy Secretary, Financial Operations and Head of New Zealand Debt Management Office.